Equipment Finance

Specific Security Agreement (Chattel Mortgage)

Support future business growth with an asset to call their own

A Specific Security Agreement lets a business purchase new or used equipment and offers regular repayments structured to suit their business. The asset is financed over a fixed term and owned by the business. Benefits include:

• Total control - from day one, your customers own the equipment. It’s on their balance sheet as an asset which may offer potential tax benefits.
• Free up cash flow - access equipment without making a large upfront payment, and spread commitments over an agreed period to free up cash for business growth.
• Free up other business assets - the asset being purchased secures the finance. No property security required in most cases.

Finance Lease

Help your customer access business equipment that could pay for itself

BOQ’s Finance Lease allows a business to lease equipment they use to run their business without the upfront cost of purchasing. The asset is leased over a fixed term. Benefits include:

• Free up cash flow - access equipment without making a large upfront payment, and spread commitments over an agreed period to free up cash for business growth.
• Free up other business assets - the asset being purchased secures the finance. No property security required in most cases.

Equipment Finance Limit

Save time and paperwork with ongoing equipment finance

Some businesses need to purchase equipment regularly and accessing finance for each purchase only slows down the process. BOQ Finance's Equipment Finance Limit provides access to revolving or bulk limits across a wide range of equipment.   Benefits include:

• Capacity for future purchases - provides businesses with more certainty about their future equipment purchases. A set revolving or bulk purchase limit helps them commit to purchase decisions and pay suppliers quickly.
• Free up cash flow - access equipment without making a large upfront payment, and spread commitments over an agreed period to free up cash for business growth.
• Free up other business assets - the asset being purchased secures the finance. No property security required in most cases.

Installation, Import and Construction Finance

A financing solution for more complex equipment needs

Importing or constructing equipment over a period of time can be a complex process. Installation, Import and Construction Finance enables the purchase of equipment over a period of time, from overseas or domestically.  This includes using escrow and letter of credit facilities to ensure a business can access the equipment they need for success. Benefits include:

• Free up cash flow - access equipment without making a large upfront payment, and spread commitments over an agreed period to free up cash for business growth.
• Manage risks with fixed exchange rates - businesses can pay for imported asset components at a fixed exchange rate to manage foreign exchange risks. Give them greater confidence and certainty around cash flow planning and budgeting.
• Bespoke payment terms - when multiple suppliers are needed to transform several components into a working asset, paying those suppliers can get complicated. We facilitate the payment to different suppliers at their required timing so the business can worry less about their payables.

Commercial Hire Purchase

Financing to acquire business equipment over time

BOQ Finance’s Commercial Hire Purchase loan allows your customer to acquire equipment for their business over time, eventually owning the asset at the end of the term.  Benefits include:

• Free up cash flow - access equipment without making a large upfront payment, and spread commitments over an agreed period to free up cash for business growth.
• Free up other business assets - the asset being purchased secures the finance. No property security required in most cases.

Rental Agreement

A flexible way to access the right business equipment as you evolve.

BOQ Finance’s Rental Agreement allows you to rent equipment for your business over time and return, upgrade or continue renting at the end of the term.

From computers to MRI machines, you can rent almost any type of technology equipment to suit your business needs. Benefits include:

• Flexibility for growth - with no significant upfront capital outlay or obligation to purchase at the end of the term, you have the financial flexibility to grow your business at your pace.
• Receive options, not obligations - at the end of the rental period, you can choose from a range of options that works best for your business. No need to worry about losing money on the sale of equipment you no longer need. Instead, you can return it, upgrade to a new model or continue renting.